Updated Oct 14, 2026
The Sason Organization Secures $3.1 Million Construction Loan For Development Site In Baltimore
900 South Wolfe Street
$3,100,000
$100/SF
Building Size
31,000 SF
Asset Type
Development Site
Closing
Apr 29, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 900 South Wolfe Street in Baltimore, MD. The total square footage of the site is 31,000. The transaction is associated with a loan amount of $3,100,000 designated for construction purposes, under a 24-month term, featuring interest-only payments.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,100,000
- Market: Baltimore, MD
- Landlord: The Sason Organization
- Loan Type: Construction
- Loan Terms: Non-recourse loan, 24-month term, interest-only payments
- Brokers: Matthew (Matt) Dzbanek & Matthew Swerdlow - Ariel Property Advisors
Ariel Property Advisors facilitated the financing for The Sason Organization's redevelopment project, which aims to transform the property into an urban wellness destination operated by Timbre. The redevelopment will include wellness services and a dedicated 10,000-square-foot event space.
On the Map
$3,100,000
$100/SF
Development Site
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Players
Baltimore Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93